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Cycle Trading

Miner Daily Cycle Decline



The Miners

 
The Miners broke bearishly out of consolidation on Wednesday.

The Miners delivered bearish follow through on Thursday, which was day 38, placing them late their timing band for a daily cycle low.  The Miners should break below the daily cycle trend line in order to form its pending daily cycle low. The peak on day 34 locks in a right translated daily cycle formation, which aligns with the Miners being in a daily uptrend.  They will remain in their daily uptrend unless they close below the lower daily cycle band.

2 responses to “Miner Daily Cycle Decline”

  1. D W Avatar
    D W

    If moners breaks the trend line wouldn’t that mean itll be below the bollinger band thus losing uptrend?

    Subscriber 🙂

    Reply
    1. likesmoneystudies Avatar
      likesmoneystudies

      It could pierce the lower band, as long as the Miners do not close below the lower cycle daily band.

      Reply

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